The Wall Street Journal has an article regarding unclaimed funds currently held by bankruptcy courts. Bankruptcy lawyers typically file claims on behalf of their clients, yet if an address changes, or if the creditor does not cash disbursement checks, the funds are turned over to the bankruptcy court to sit on account. Eventually, these bankruptcy […]
Archives for August 2015
Columbia House Files for Bankruptcy
News out of New York is that Columbia House has retained bankruptcy attorneys to file a Chapter 11 bankruptcy. Chapter 11 is a reorganization and restructuring of debts similar to Chapter 13 bankruptcy The debtor’s bankruptcy attorney will prepare a repayment plan and submit it to the bankruptcy court and its creditors for approval. If […]
